Press release
Digital Lock Market May Set New Growth Story | KAADAS, Cisco Systems, Allegion
Digital Lock Market
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Market Overview:
Digital lock is the revolutionary door lock which uses digital electromechanical technology. It offers security as well as convenience to the homes and business places. The primary purpose of the digital lock is to remove the use of conventional keys. Digital lock eliminates the worries regarding the missing of key as well as theft. Digital lock allows the user to unlock the door by using biometric fingerprint, smart access card, secret code, and other access features. Digital lock comes with much-advanced features and functions such as security alarms, double lock function, panic release emergency exit features, among others. Owing to the latest technological advancements, the demand for smart lock has surged across the globe. Some of the key players profiled in the study are Pte Ltd. (Singapore), Nestwell Technologies (India), Godrej & Boyce Manufacturing Company Ltd. (India), KAADAS (Singapore), Cisco Systems, Inc. (United States), Allegion PLC (Republic of Ireland), Panasonic Corporation (Japan), Hitachi Ltd. (Japan), Wintec Electronic Tech Co. Ltd. (China), Assa Abloy Group (Sweden) and Xeeder Technology Co. Ltd. (China).
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Market Drivers
o Growing Interest in Home Automation
o Increased Consumer Preference for Digital Lock
o Rising Disposable Income
o Latest Technological Advancements in Security Appliances
Opportunities
o Emerging Demand from Developing Countries
Major Market Developments:
On 7 Sept 2017, Kaadas, the top manufacturer of smart digital door locks, has announced K8 Push Pull lock with FPC1020 touch sensor. Unlike existing design, Kaadas put this high-security fingerprint sensor on the back side of the handle like the back-mounted sensor on smartphones. This humanized design is more user-friendly, providing a new way of entering the house.
Target Audience:
Technology Investors, Research/Consultancy firms, Technology Solution Providers, Government Bodies, Regulatory agencies, Corporate and Technology providers
The following are the major objectives of the study
o To define, describe, and forecast the Global Digital Lock market on the basis of product [Biometrics {Face Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition, Fingerprint Recognition} and Keypad {Magnetic Stripe Locks, Electromechanical Door Locks, Electric Strike Locks}] , application, key regions and end user
o To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
o To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
o Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
o To provide market size for various segments of the Digital Lock market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
o To strategically profile the key players and analyzing their market shares and core competencies in the Digital Lock industry
o To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Digital Lock market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Strategic Points Covered in Table of Content of Global Digital Lock Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Digital Lock Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Digital Lock Insights by Application, Product Type, Competitive Landscape & Regional
....Continued
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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